I don't know much but wanna to know bcz time's need What IT compinies can do to come out from the loss bcz of dollar deprication if u have time plz tell me i wanna know more my id is KK_SUSHMA18@GMAIL.COM
RE:may be its nt good
by Rajeev on Feb 01, 2008 07:16 PM Permalink
Dont worry about IT companies.Its not something which you really can control. Think how you can make yourself more competitive and survive the situation.
RE:may be its nt good
by sushma on Feb 02, 2008 01:54 PM Permalink
sir thanks for ur reply but i wanna know about it bcz i m preparing it as a presentation so need some information about it if u can plz tell my topic is appreciation og Indian rupee & its Impact on Indian economy so asked about it
RE:may be its nt good
by vishal sinha on Feb 04, 2008 10:44 PM Permalink
Well if you had known about the situation you could have done some financial transactions to protect yourself against adversemovements in currency rates. Hedges and forwards and futures should be a good option.
If it is effected by Rupee appreciation so what it can do go out this problem it can be do business with other countries also nt be depend only US Plz give me such impact
RE:Reply Plz
by vishal sinha on Feb 04, 2008 10:45 PM Permalink
Hey Sushma - lots of financial instruments exist which will absorb the impact of currency rate fluctuations.
RE:Start paying in Dollars
by Rajeev on Feb 02, 2008 12:53 AM Permalink
Even if you pay in dollars, your local grocery walla or auto guy doesn't take dollars so you will have to convert to rupees. So along with all the current worries, employees will have to worry about the exchange rate too.
I think what TCS is doing is just a part and parcel of today's market conditions. We should now wake up to the fact that if we can get big hikes we need to ready for these cuts too.
I think other companies have been thinking about it too and this gives a nice opportunity to do so now.
Salaries cannot keep on rising at the rates they are happening in the Indian IT industry. If you look at the Department of Labor (in US) numbers. The average salary hike in the IT industry ranges between 2-3 percent over the last few years.
We should also realize that in India salaries in the next 3-4 years would stabilize and the hikes would not be the same as what we are seeing today. If we keep expecting the same then our own employers (the CTS's, TCS', Wipro etc) would prefer other cheaper locations. Infact all the players have already started moving on those lines.
RE:Yes, it is logical
by Pavan N on Feb 01, 2008 05:30 PM Permalink
TCS is the worst paymaster of all the big Indian players. They treat their employees like dirt. Wipro and HCL follow this pattern very closely. I would recommend to look at other IT majors than these.
I work for Oracle and we have strict measurable targets which directly have a bearing on our performance related pay. I guess TCS guyz (in fact all Indian IT companies) are used to getting the whole of their variable as part of their take home. And now that they want to cut it they have cut the salaries - hurting even more. We never get our variables as part of our take home. Its assesed and distributed 6 monthly. So if someone doesn't achieve his/her targets, he doesn't get his full variable. I guess all have to wake up to this fact. That your variable is actually variable. And its bad idea on managment par to give it as part of monthly take home
Why is that any article about IT, Cricket, Politics or for that matter, literally anything - starts off a debate among readers, and in no way a healthy one. It mostly involves lots of name calling, assumptions about the other readers' professions and what not. Is this necessary at all? How does one person judge another person just with the few statements he has written here? Anyway, don't want to write much. If any of you didn't like what I've written - please do not comment on this. Just ignore this and carry on. - Sandeep
This is really redicilous that the company did not met there targets. They met the revenue target, Profit target but could not met there other important target.....who is responsible for this....on one hand company claims that the productivity of employees have improved and on other hand the company claims that the company could not met the targets and is cutting the variable pay linked to employee performance.....means the performance of the employees is not good....and still showing above expected results in the market.....is this justified....
RE:Jago India Jago.....
by Harpreet Bhinder on Feb 01, 2008 07:18 PM Permalink
So they have a profit target on, and it is told to the company in advance,hit it and you get it, don'd hit it don't get it, and exceed it and get additional payout- it is a sharing of the risk, all companies do it. So if they tell it in advance and you don't like the target they are setting, quit and go work somewhere else- only problem is that they too would have a target. So why should the company bear the cost of dollar going down ? It is not the company's fault ? Well that is the vagaries of the market and the employees have to learn to deal with it. Don't like it ? Open your own company or be an entrepreneur.
Business can function profitably over the long run if it can continue making profits. Employees play their part in ensuring that business continue to function. If the economic environment needs businesses to review their practices then so be it. This is just another case. TCS has been around longer than most of the boarders here. I am an ex-TCSer and can vouch for the competency of the management. They might not have the brand value of an Infosys, but they are better entrenched than any of the Indian IT companies. The choice for employees is to understand that their variable pay is linked to company performance. TCS might have met targets, but have they exceeded them? The EVA model requires 'addition to value' over stated targets. This would not have neen met and hence the necessary pay cuts. I think, it is better than firing people. If employees, feel that they can earn better elsewhere, then they should try it out. No point crying. Same holds true for the IT industry. Life will go on.
RE:Balance! Salary cut or job cuts?
by your amre on Feb 01, 2008 09:17 AM Permalink
Hey Mr Kumaraswamy. I know you are a Dirty guy working in TCS. No ex TCS guy will praise TCS. Everyone who has left TCS have left a curse on this company. Its management is the worst. Absolutely unethical cheats.
RE:RE:RE:Balance! Salary cut or job cuts?
by on Feb 01, 2008 02:50 PM Permalink
The main reason for the problem is TCS has recruited more than needed people just to overtake INFOSYS.
So TCS has did a foolish and stupid job from management side.
RE:RE:Balance! Salary cut or job cuts?
by Vamsi Krishna on Feb 01, 2008 05:06 PM Permalink
yes, you are right. tcs has a very bad management, especially low level mgmt.they are very cheap and selfish. they are ready to do anything , anything means really anything , for their self growth
RE:Balance! Salary cut or job cuts?
by chaudary on Feb 01, 2008 10:11 AM Permalink
Hi joseph!Iam completely agree with your view point.When you are enjoying the pleasure, u cant run away from the plane.Every phase is transient one. Nothing is permanent. your right.
Just to be No.1 TCS has recruited 35% more employees than what it can handle. I dont think it is a good idea to post these types of news by Rediff. If there is problem in company planning and policies, and because of that it is cutting down salaries, that does not mean IT industry is going down. Looks like, Rediff is getting paid to make an enviornment and prepare IT consultants to expect salary cuts, so that IT companies can book more profit. Please dont do this and let the core people who are back bone of IT industry get paid what they deserve.
RE:The Worst company to work is TCS
by Deepak Jain on Feb 01, 2008 11:29 AM Permalink
People need more money in less efforts. In IT INDUSTRY evey one is focussing on more package, more bargain . They spend more time on looking for change rather then in research and good work. I feel you also belong to suh category, extremely sorry to say this but its a fact.
RE:The Worst company to work is TCS
by harman singh on Feb 01, 2008 01:14 PM Permalink
Deepak the fact is in so IT industry if one expect a legitimate increase in its pay the reason behind is the hard work put in and the Quality work produce. Salary Cut is another game nowadays started with word Cost reduction. May be this will help everyone know the motive irrelevant motive hidden within..
